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Cost of Living
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Cost of Living
💰 Part 1: Understanding Living Costs
1. Which of these is considered a fixed expense that stays the same each month?
Rent
Groceries
Entertainment
Petrol
2. Select all expenses that would be part of your monthly cost of living:
Council tax
Food shopping
Holiday to Spain
Electricity bill
Transport costs
3. Which city would typically have the highest cost of living in the UK?
Manchester
London
Birmingham
Newcastle
4. If your monthly income is £1,800 and your total living expenses are £1,600, how much do you have left over?
£ _____________
🏠 Part 2: Budget Planning
5. Sarah earns £2,000 per month. Her rent is £800, food costs £300, and transport is £150. Calculate her remaining money after these essential costs:
6. List three ways someone could reduce their monthly cost of living:
1. _________________________________________________
2. _________________________________________________
3. _________________________________________________
7. Explain why the cost of living might be different between a city centre and a rural village:
8. A family spends £120 per week on groceries. How much do they spend on food in a year? (Show your working)
📊 Part 3: Real-World Application
9. You're moving to a new city for university. Research shows the average monthly costs are: Accommodation £650, Food £250, Transport £80, Mobile phone £25, Entertainment £100. What is the total monthly cost of living?
10. Why is it important to understand the cost of living before making major life decisions like choosing where to live or work?
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